Articles, tagged with "bizxchange", page 1
Carpet export sector regains shine post downturn
MSMEs in the carpet export sector have a reason to rejoice as exports of the commodity surged robustly in April 2010. According to the data provided by the Carpet Export Promotion Council (CEPC), carpet exports from India have grown by more than 18% in Ap...
India Inc calls for continuation of stimulus packages
India Inc feels that the government should continue the stimulus packages it had offered, especially to the MSME sector, even during 2010-11. This was revealed during a survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHA...
Greater Indo-China trade volumes to boost SMEs on both sides
A senior diplomat of China recently revealed that the two-way trade between India and China will reach the US$60-billion mark by December 2010. Enhanced trade volumes between India and China are expected to bolster commercial relations and also open up ne...
Coir exports surpass Rs 700-crore mark for FY’10
SME coir exporters in India have a reason to rejoice as export volumes for 2009-10 grew 15% more than the target set by the MSME Ministry for the last financial year. According to the official estimates, coir exports touched Rs 804 crore during the last f...
Ludhiana SMEs to benefit from air connectivity
Commencement of flights from Ludhiana starting this month has come as good news for not only air travellers in the city but also the city's industrial segments, including the SME sector.
"With Ludhiana being on the air map, industrial, trading as well ...
Indo-Australian ‘young’ firms partnerships to promote innovation
During a summit organised in New Delhi, speakers opined that Australian businesses should explore possibilities of strengthening commercial ties with Indian counterparts and partner with ‘young', small firms than big players in order to build innovation...
Duty drawback withdrawal distresses Punjab textile industry
The recent announcement by the Central government to withdraw duty drawback at the rate of 4% has upset the Punjab textile sector, particularly small-scale textile manufacturers in the state.
"Withdrawal of duty drawback benefits, following the suspens...
SMEs hurt by sharp hike in rubber prices
SMEs across India, which use rubber as their chief raw material, are facing a threat to their sustenance due to the steep hike in natural rubber prices over the last few months.
"Sharp rise in natural rubber prices is detrimental to the interests of sm...
Industry hails spectacular merchandise export growth in March
According to the recently released trade data by the Department of Commerce, merchandise exports have grown at an impressive rate of 54% in March 2010 to US$19.9 billion, recording the fastest growth pace since March 2004. However, the overall value of ex...
Power shortage cripples Haryana SMEs
Despite buoyancy in the market for their products and services, SMEs in Haryana are finding it difficult to sustain their operations due to crippling power shortage. The paucity of power supply has become a serious cause of concern for agriculture impleme...
Indian SMEs to gain from entry of US, European counterparts
Employment opportunities as well as demand for services of Indian firms is expected to witness a major jump in the coming few years as a large number of SMEs in the US and Europe are planning to set up their operations in India.
Industry experts observ...
Erode SME powerloom units resume operations
After observing a 6-day long strike that began on April 26, 2010, several SME powerloom units in Erode have called off the strike and resumed production.
"Several Erode-based small-scale powerloom units went on a strike to express their resentment agai...
Naming your small business right
One might argue what's in a name as it is hard work and quality offerings that matter in a business. However, when it comes to naming a small business, selecting an appropriate name holds a lot of value. Choosing the right name can work wonders for your s...
Printing ink SMEs focusing on technology upgradation
With rapid growth witnessed in the printing ink market in India, small-scale domestic players are also improving their manufacturing facility and undertaking crucial measures to cater to the increasing market requirements.
A recent case in point is the...
Additional export support measures likely, MSMEs hopeful
The Indian export sector is likely to receive more assistance from the government in order to resolve export-related hurdles. While releasing ‘Strategy Paper on the Growth of Engineering Exports' in the national capital, Anand Sharma, Union commerce and...